NU Online News Service, July 31, 3:03 p.m. EDT
The International Association of Insurance Supervisors (IAIS) should remove traditional insurance activities from its methodology for identifying globally systemically important insurers (G-SIIs), the Geneva Association says.
Traditional insurance features too prominently in the IAIS indicators, creating a situation which could result in non-risky insurers being designated as systemically risky, and also result in systemically risky insurers avoiding designation, the Geneva Association warned in comments to the IAIS.
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